This week, House Republicans introduced legislation, referred to as Tax Reform 2.0, that would expand the Tax Cuts and Jobs Act (TCJA). It’s a follow-up to the House Ways and Means Committee Chairman Kevin Brady (R-TX) “listening session framework” which was released in July. House Speaker Paul Ryan And GOP Leadership Hold News Conference On Capitol Hill2018
The resurrection in shares of Turtle Beach, a high-end headset maker whose products are popular with video gamers, stunned even CNBC’s Jim Cramer. “How do you go from $2 to $22 in nine months?” the “Mad Money” host wondered on Wednesday. “Simple: this rally is all about the rise of these insanely popular battle-royale games
Lt. Gen. (Ret.) Colby Broadwater is president of the American College of the Building Arts in Charleston, South Carolina, the nation’s only four-year, nonprofit liberal arts college that awards a bachelor’s of applied sciences in the traditional building arts. (AP Photo/Bruce Smith) The American College of the Building Arts (ACBA) produces artisans for the world.
Check out the companies making headlines after the bell: Pivotal Software shares tumbled more than 20 percent in after-hours trading despite reporting second-quarter earnings numbers that beat on both the top and bottom line. The San Francisco-based company reported revenues of $164.4 million, higher than the $158.2 million analysts expected. The company also reported a
Apple announced the Apple Watch Series 4 during its press conference on Wednesday. It’s a considerable step up from even last year’s model, and you might want to consider it even if you have a relatively recent version. There are two models, a smaller version and a larger version, but the screens are 30 percent
The US Food and Drug Administration (FDA) has approved a new drug for people who have been exposed to measles and hepatitis A viruses. This could be especially good news for older adults who are more likely to suffer from weakened immune systems and thus have more difficulty fighting off infections. Grifols, a global health
Tech IPOs have been on fire. Since going public, shares of Roku, Stitch Fix, DocuSign and Dropbox have all soared, rising a respective 399 percent, 193 percent, 48 percent and 25 percent from their IPO price. But after a torrid start, shares of Dropbox have fallen back to earth, with shares flirting with 52-week lows.
A symbol image of the digital currency Bitcoin on a printed circuit board. (Source: Getty). The Blockchain Connect Association, a newly established Czech Alliance formed in the spring of 2018 with partners including IBM, PwC and a Prague-based fintech incubator for start-ups, has revealed plans to contribute to the development of blockchain technologies in the “economic and public
Credit: AP Life is busy, and time is short. A lot of people don’t feel they have time to give their finances the total makeover they need. But a better question is – can you afford not to make the time to do it? Only 39% of Americans have $1,000 available for an emergency expense.
There could be downside ahead for the stock market, noted value investor David Katz told CNBC on Wednesday. “The thing that could derail the market and derail the economy is if this [China] trade talk escalates and we do enter a trade war. It would be bad for everybody. A lot of companies are talking
House Ways and Means Committee Chairman Kevin Brady, R-Texas, whose panel is charged with writing tax law, on Capitol Hill, Oct. 26, 2017. (AP Photo/J. Scott Applewhite) The House Republican plan to make permanent the individual income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) would add almost $3.8 trillion to
Ultra-wealthy investors may be feeling bearish about the markets, but they are still searching for returns. Members of TIGER 21, a group of about 630 individuals with at least $10 million to invest, allocated more of their wealth toward stocks and riskier assets during the second quarter of 2018, according to the group’s quarterly report.
When the IRS repeatedly warns you of an impending tax bill, you should listen. The tax agency has been on an awareness campaign all summer, telling filers that they may need to review and update their withholding at work to ensure they’re paying the right amount of federal income tax. Uncle Sam is now sending
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses potential effects of a spouse’s pension on benefits, sequencing from spousal to retirement benefits, potential effects of public pensions, switching from retirement to widow(er)’s benefits and how remarriage can
If you’re among the millions of East Coast residents bracing for the wrath of Hurricane Florence, consider adding this to your to-do list: insurance claim preparation. The massive, 400-mile-wide storm — currently a Category 4 hurricane — is forecast to cause catastrophic damage when it makes landfall somewhere in the Carolinas. Packing sustained winds of
AT&T CEO Randall Stephenson said Wednesday if Netflix is the Walmart of direct-to-consumer streaming, AT&T-owned HBO is the Tiffany. “HBO is a very very unique asset,” Stephenson said at the Goldman Sachs Communacopia Conference. “I think of Netflix kind of as the Walmart of [subscription video on-demand services]. HBO is kind of the Tiffany.” The
Credit: Getty Royalty-Free How much do Americans have saved – for unexpected expenses, for retirement, or for other purposes? The conventional wisdom says, “hardly anything.” But let’s look a little deeper. To begin with, the Federal Reserve conducts an annual survey and published its most recent results in the “Report on the Economic Well-Being of U.S.
One Wall Street analyst is sick of waiting around for Snap to post stronger numbers and cut his rating to sell, predicting another 50 percent-slide for the social media stock. Lambasting the social media company for a lack of innovation and anemic quarterly results, BTIG analyst Richard Greenfield told clients he is no longer confident
Photo by Debrocke/ClassicStock/Getty Images So, you’ve made a boatload of money. What do you want to do with it? Linda Beerman, head of wealth strategies at CIBC Wealth Management in Atlanta, tells her rich clients they basically have three choices: use it for their lifestyle, give it to their kids and grandkids, or do something
If you want to free up more income in retirement, you may want to consider one strategy that lets you put off paying your property tax bill. Property tax deferrals allow you to put off paying your property taxes until you die or sell your house. At that time, your local government is reimbursed the
When President Trump kicked off the escalating trade wars last year, many doomsayers pontificated about catastrophic consequences leading to the reversal of today’s global economic expansion, while Pollyannas brushed off negative economic consequences as short-term pain for long term gain. Between the doomsayers and the Pollyannas lies a more balanced perspective for lenders, developers and
When the financial crisis hit a decade ago this month, the first place many investors turned — understandably — was to their financial advisor. Depending on the advisor, it was a stressful time, an exciting time or a little bit of both. For many, it was also educational. On the occasion of the 10-year anniversary
One big question on investors’ lips today is whether bitcoin is risky or not. And the answer to that question is yes, according to financial advisor Ted Jenkin, CEO at Oxygen Financial. Bitcoin is a peer-to-peer digital payment system. And because of that, there’s no government involvement, no central authority and no FDIC insurance, Jenkin
(1) Almost Every Retirement Account Is Subject To Required Minimum Distributions (RMDs) RMDs apply to 401(k)s, 403(b)s, Profit Sharing plans, Money Purchase Pensions, IRAs, SIMPLE IRAs, and SEP IRAs, among others. Inherited IRAs are subject to RMDs, but are based on the life expectancy of the original owner, not the beneficiary. Roth IRAs do not
On the road to success, there are sadly few shortcuts. But there are several detours you can avoid by following those who’ve completed the course. Jeremy Adams is one such guy. His desire to leave behind his trailer park upbringing saw him set out on his entrepreneurship journey as a teen, burning CDs, doing neighbors’
J.P. Morgan Chase pledged $500 million for a new program to boost economic growth in cities around the world. The bank, led by CEO Jamie Dimon, is basing the effort on what it learned from previous investment projects it led in Detroit, Chicago and Washington, D.C., according to a press release. The scope of the
Amazon’s public cloud could be bound for space. The cloud-computing division, Amazon Web Services, has been looking to hire people for an initiative involving space and satellite systems, though the company has never publicly discussed such a project. On Tuesday the website This Just In, which covers Amazon, published a report after spotting two job
Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and
Alphabet‘s Project Loon just passed a big test in its plan to beam internet to Earth from giant balloons, successfully pinging data across a 1,000-kilometer span. Project Loon makes internet-delivery balloons to provide access in remote locations, and “graduated” from Alphabet’s X research division to become its own independent business in July. The balloons rally
A cryptocurrency founder’s effort to dismiss a federal case against him by arguing that cryptocurrencies he created were not securities for the purpose of criminal law was shot down by a judge in Brooklyn, New York Tuesday. A key part of defendant Maksim Zaslavkiy’s argument was that current laws around crypto are “unconstitutionally vague.” U.S.